We are bearish | 09 Mei 2022

09 Mei 2022, EUR/USD

We are bearish

Technical observation

EUR retraced to a resistance zone 1.0589-1.0581 but could not break above it, instead, it bounced within the same zone and since then it has been trading with an increasing bearish bias. I expect a continuation of this downwards movement to the supportive level 1.0484 followed by either a clear breakout below it with a big red candle, or a rejection at it followed by another correction to the zone I mentioned earlier. If you are currently holding short positions with the pair above, remain short and pick your profits at the level 1.0484. I can only recommend long positions above the resistance zone 1.0589-1.0581.

Trade recommendation

Remain short with your take profit at 1.0484.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus